@Lil_Me wrote:Thank you all, so regardless if I use it or not I will be billed a fee every month?
They will send you the card they wiil put it on your credit report. YET, if you never activate it or respond to them at all. You will only see $1 charge after they close the card. Then you call and tell them you did not accept their offer.
NO cards that have an annual fee. Not to mention those outrageous fees.
I do not know your particular situation, but I am a firm believer that you can save your own money. If you meet the requirements you can just save those fees and apply towards a secured card with BOA or a credit union and watch your scores go up.
Please research and find comparable solutions instead of extreme fee cards.
Hoping it all works out.
Starting Score: 722
Discover It $2200, 
Credit One $600, 
Ann Taylor $500, 
VS $150, 
Amazon Prime $100, 
Cap 1 $450, 
Navy Federal $200
@Lil_Me wrote:
If I were you I would stick with the Cap1 and orchard cards. CreditOne may be a TL but it is a expensive one!
I actually haven't had an annual fee pop up on my Credit One card. I opened it back in September and all I've seen is my monthly charges. How strange!
Zully, I mistakenly took the offer they sent me thinking it was a Cap 1 offer, they came about the same time (I had already had a Cap 1 for a year at that point). The first year's fee was billed on the first statement, the next year fee will be billed monthly in equal amounts. So I'm keeping the thing until a couple months before the fee could start again (since I already paid for it for the first year). You may have gotten an offer that waived the first years fee, I've heard they do that sometimes. They're a TL but not something I'd recommend if someone can get Cap 1 or a good secured card.
I now research any card before I take their offer or apply for one to avoid such a mistake again (I got an offer from Merrick last summer, shredder because of said research). Now I just try to warn others to research and take advantage of these forums and their info. I'm just glad it didn't prevent me from getting better cards by showing on my reports (something I've heard can happen on occasion).
That must be it. I have no monthly fee and no annual fee. The only extra items I end up with are that 1% interest if I don't pay off completely right away before the bill is up. Encouragement to pay in full every month, I call it. 